Brian L. Roberts, Chairman and Chief Executive Officer of Comcast
Corporation, said, "We are pleased with our results this quarter. Cable
had outstanding growth, particularly in high-speed Internet, and
NBCUniversal had strong performance across all of its businesses. Our
focus on delivering innovative products and a superior customer
experience is driving our success, including stronger video, voice and
business services results in cable. NBCUniversal has real momentum, with
solid growth in revenue and double-digit cash flow growth. We have a
fantastic combination of cable and content businesses with many
opportunities ahead."

Revenue for the second quarter of 2013 increased 7.0% to
$16.3 billion. Operating Cash Flow increased 8.4% to $5.4
billion and Operating Income increased 11.6% to $3.4
billion.

For the six months ended June 30, 2013, revenue increased 5.0% to $31.6
billion. Excluding $259 million of revenue generated by the NFL's Super
Bowl in the first quarter of 2012, revenue increased 5.9% (see Table 5).
Operating cash flow increased 7.9% to $10.5 billion and operating income
increased 11.4% to $6.5 billion.

Earnings per Share (EPS) for the second quarter of 2013
was $0.65, a 30.0% increase from the $0.50 reported in the second
quarter of 2012.

EPS for the six months ended June 30, 2013 was $1.19, a 26.6% increase
from the $0.94 reported in the prior year. Excluding a $0.03 per share
gain in the first quarter of 2013 on the sale of wireless spectrum
licenses, EPS increased 23.4% (see Table 4).

Capital Expenditures increased 17.1% to $1.5 billion in
the second quarter of 2013 compared to the second quarter of 2012. Cable
Communications' capital expenditures increased $116 million, or 10.4%,
to $1.2 billion in the second quarter of 2013, primarily reflecting
increased spending on customer premises equipment, such as advanced
digital boxes and wireless gateways, our ongoing investment in network
infrastructure and the expansion of business services. Cable capital
expenditures represented 11.9% of Cable revenue in the second quarter of
2013 compared to 11.4% in last year's second quarter. NBCUniversal's
capital expenditures increased $104 million to $260 million in the
second quarter of 2013, primarily reflecting increased investments in
Theme Parks.

For the six months ended June 30, 2013, capital expenditures increased
16.5% to $2.9 billion compared to the prior year. Cable Communications
capital expenditures increased $154 million, or 7.1%, to $2.3 billion
and represented 11.3% of Cable revenue compared to 11.2% in 2012.
NBCUniversal's capital expenditures increased $256 million to $523
million for the first six months of 2013.

Free Cash Flow (excluding any impact from the Economic
Stimulus packages) increased 25.4% to $1.9 billion in the second quarter
of 2013 compared to the second quarter of 2012, reflecting growth in
consolidated operating cash flow and improvements in working capital,
partially offset by higher taxes and capital expenditures. Free cash
flow for the six months ended June 30, 2013 increased 10.7% to $5.1
billion compared to $4.6 billion in 2012.

2nd Quarter

Year to Date

($ in millions)

2012

2013

Growth

2012

2013

Growth

Operating Cash Flow

$

5,004

$

5,425

8.4

%

$

9,692

$

10,459

7.9

%

Capital Expenditures

(1,287

)

(1,506

)

17.1

%

(2,461

)

(2,867

)

16.5

%

Cash Paid for Capitalized Software and Other Intangible Assets

(230

)

(262

)

13.9

%

(414

)

(444

)

7.2

%

Cash Interest Expense

(544

)

(515

)

(5.3

%)

(1,158

)

(1,132

)

(2.2

%)

Cash Taxes

(904

)

(1,761

)

94.8

%

(1,022

)

(2,222

)

117.4

%

Changes in Operating Assets and Liabilities

(305

)

49

NM

41

418

NM

Other

(13

)

530

NM

82

886

NM

Free Cash Flow (Incl. Economic Stimulus Packages)

$

1,721

$

1,960

13.9

%

$

4,760

$

5,098

7.1

%

Economic Stimulus Packages

(167

)

(12

)

NM

(167

)

(12

)

NM

Free Cash Flow

$

1,554

$

1,948

25.4

%

$

4,593

$

5,086

10.7

%

Note: The definition of Free Cash Flow excludes any impact from Economic
Stimulus packages. These amounts have been excluded from Free Cash Flow
to provide an appropriate comparison. "Other" in 2013 is substantially
comprised of adjustments for cash taxes paid related to certain
nonoperating transactions, as well as cash taxes paid in 2013 related to
2012 taxable income that were reflected as a reduction of 2012 Free Cash
Flow.

NM=comparison not meaningful.

Dividends and Share Repurchases. During the second quarter
of 2013, Comcast paid dividends totaling $514 million and repurchased
12.6 million of its common shares for $500 million. In the first six
months of 2013, Comcast has repurchased 25.9 million of its common
shares for $1.0 billion. As of June 30, 2013, Comcast had approximately
$2.5 billion available under its share repurchase authorization.

Cable Communications

2nd Quarter

Year to Date

($ in millions)

2012

2013

Growth

2012

2013

Growth

Cable Communications Revenue

Video

$

5,039

$

5,175

2.7

%

$

9,968

$

10,288

3.2

%

High-Speed Internet

2,380

2,569

8.0

%

4,703

5,092

8.3

%

Voice

889

910

2.4

%

1,767

1,810

2.5

%

Business Services

623

788

26.4

%

1,204

1,529

26.9

%

Advertising

551

558

1.2

%

1,026

1,046

1.9

%

Other

415

467

12.3

%

828

919

10.9

%

Cable Communications Revenue

$

9,897

$

10,467

5.8

%

$

19,496

$

20,684

6.1

%

Cable Communications OCF

$

4,101

$

4,335

5.7

%

$

8,056

$

8,554

6.2

%

OCF Margin

41.4

%

41.4

%

41.3

%

41.4

%

Cable Communications Capital Expenditures

$

1,124

$

1,240

10.4

%

$

2,180

$

2,334

7.1

%

Percent of Cable Communications Revenue

11.4

%

11.9

%

11.2

%

11.3

%

Revenue for Cable Communications increased 5.8% to $10.5
billion in the second quarter of 2013 compared to $9.9 billion in the
second quarter of 2012, driven by increases of 8.0% in high-speed
Internet, 26.4% in business services and 2.7% in video. The increase in
revenue reflects rate adjustments, customers receiving higher levels of
services and customer growth (see below).

For the six months ended June 30, 2013, Cable revenue increased 6.1% to
$20.7 billion compared to $19.5 billion in 2012.

Combined Video, High-Speed Internet and Voice Customers
increased by 189,000 in the second quarter of 2013, a 36.8% increase in
net additions compared to second quarter 2012, reflecting growth in
high-speed Internet and voice customers and reduced losses in video
customers. As of June 30, 2013, video, high-speed Internet and voice
customers totaled 52.1 million, an increase of 1.6 million or 3.1% over
last year's second quarter.

Customers

Net Adds

(in thousands)

2Q12

2Q13

2Q12

2Q13

Video Customers

22,118

21,776

(176

)

(159

)

High-Speed Internet Customers

18,738

19,986

156

187

Voice Customers

9,664

10,327

158

161

Combined Video, HSI and Voice Customers

50,521

52,089

138

189

Operating Cash Flow for Cable Communications increased
5.7% to $4.3 billion in the second quarter of 2013 compared to $4.1
billion in the second quarter of 2012, reflecting higher revenue,
partially offset by increased costs related to video programming and
higher advertising, marketing and promotion expense to support growth
and enhance our competitive position in both residential and commercial
markets. This quarter's operating cash flow margin was 41.4%, consistent
with the prior year period.

Revenue for NBCUniversal increased 8.9% to $6.0 billion in
the second quarter of 2013 compared to $5.5 billion in the second
quarter of 2012. Operating Cash Flow increased 21.3% to
$1.2 billion compared to $982 million in the second quarter of 2012,
driven by Filmed Entertainment and Cable Networks.

For the six months ended June 30, 2013, NBCUniversal revenue increased
3.3% to $11.3 billion compared to $11.0 billion in 2012. Excluding $259
million of revenue generated by the broadcast of the NFL's Super Bowl in
the first quarter of 2012, revenue increased 5.8% (see Table 5).
Operating cash flow increased 19.5% to $2.1 billion compared to $1.8
billion in the first six months of 2012.

Cable Networks

For the second quarter of 2013, revenue from the Cable Networks segment
increased 7.7% to $2.4 billion compared to $2.2 billion in the second
quarter of 2012, reflecting a new content licensing agreement, a 4.4%
increase in distribution revenue and a 5.7% increase in advertising
revenue. Operating cash flow increased 8.9% to $860 million compared to
$790 million in the second quarter of 2012, reflecting higher revenue
and more moderate expense growth, even as we continue to invest in
programming.

For the six months ended June 30, 2013, revenue from the Cable Networks
segment increased 6.2% to $4.6 billion compared to $4.4 billion in 2012.
Operating cash flow increased 7.5% to $1.7 billion compared to $1.6
billion in the first six months of 2012.

Broadcast Television

For the second quarter of 2013, revenue from the Broadcast Television
segment increased 11.6% to $1.7 billion compared to $1.6 billion in the
second quarter of 2012, driven by a 13.0% increase in advertising
revenue, primarily reflecting higher primetime ratings at the NBC
broadcast network, and higher retransmission consent fees, partially
offset by lower content licensing revenue due to the timing of content
availability. Operating cash flow increased 6.4% to $206 million
compared to $194 million in the second quarter of 2012, reflecting
higher revenue, partially offset by an increase in programming and
production costs associated with the timing of the airing of certain
shows in our primetime schedule.

For the six months ended June 30, 2013, revenue from the Broadcast
Television segment decreased 4.8% to $3.2 billion compared to $3.4
billion in 2012. Excluding $259 million of revenue generated by the
NFL's Super Bowl in the first quarter of 2012, revenue increased 3.0%
(see Table 5). Operating cash flow decreased 5.1% to $171 million
compared to $180 million in the first six months of 2012.

Filmed Entertainment

For the second quarter of 2013, revenue from the Filmed Entertainment
segment increased 12.8% to $1.4 billion compared to $1.2 billion in the
second quarter of 2012, driven by higher theatrical revenue from the
strong box office performance of Fast and Furious 6, as well as
higher content licensing revenue from the availability of certain films
in international television markets. Operating cash flow increased $116
million to $33 million compared to a loss of $83 million in the second
quarter of 2012, reflecting the strong performance of the film slate.

For the six months ended June 30, 2013, revenue from the Filmed
Entertainment segment increased 7.5% to $2.6 billion compared to $2.4
billion in 2012. Operating cash flow increased $179 million to $102
million compared to a loss of $77 million in the first six months of
2012.

Theme Parks

For the second quarter of 2013, revenue from the Theme Parks segment
increased 1.1% to $546 million compared to the second quarter of 2012,
reflecting the shift of holidays to the first quarter this year. Second
quarter operating cash flow decreased 1.6% to $231 million compared to
the same period last year, primarily reflecting increased operating
costs to support new attractions.

For the six months ended June 30, 2013, revenue from the Theme Parks
segment increased 5.9% to $1.0 billion compared to $951 million in 2012.
Operating cash flow increased 3.2% to $404 million compared to $392
million in the first six months of 2012.

Headquarters, Other and Eliminations

NBCUniversal Headquarters, Other and Eliminations include overhead and
eliminations among the NBCUniversal businesses. For the quarter ended
June 30, 2013, NBCUniversal Headquarters, Other and Eliminations
operating cash flow loss was $139 million compared to a loss of $154
million in the second quarter of 2012, reflecting lower facilities and
integration costs.

For the six months ended June 30, 2013, NBCUniversal Headquarters, Other
and Eliminations operating cash flow loss was $252 million compared to a
loss of $299 million in 2012.

Corporate, Other and Eliminations

Corporate, Other and Eliminations include corporate operations,
Comcast-Spectacor and eliminations among Comcast's businesses. For the
quarter ended June 30, 2013, Corporate, Other and Eliminations revenue
was ($192) million compared to ($190) million in 2012. The operating
cash flow loss was $101 million compared to a loss of $79 million in the
second quarter of 2012.

For the six months ended June 30, 2013, Corporate, Other and
Eliminations revenue was ($439) million compared to ($383) million in
2012. The operating cash flow loss was $239 million compared to a loss
of $159 million in the first six months of 2012.

Notes:

1

We define Operating Cash Flow as operating income (loss) before
depreciation and amortization, excluding impairment charges related
to fixed and intangible assets and gains or losses on the sale of
assets, if any.

All percentages are calculated on whole numbers. Minor differences
may exist due to rounding.

Conference Call and Other Information

Comcast Corporation will host a conference call with the financial
community today, July 31, 2013 at 8:30 a.m. Eastern Time (ET). The
conference call and related materials will be broadcast live and posted
on its Investor Relations website at www.cmcsa.com
or www.cmcsk.com.
Those parties interested in participating via telephone should dial
(800) 263-8495 with the conference ID number 97883674. A replay of the
call will be available starting at 12:30 p.m. ET on July 31, 2013, on
the Investor Relations website or by telephone. To access the telephone
replay, which will be available until Wednesday, August 7, 2013 at
midnight ET, please dial (855) 859-2056 and enter the conference ID
number 97883674.

This press release contains forward-looking statements. Readers are
cautioned that such forward-looking statements involve risks and
uncertainties that could cause actual events or our actual results to
differ materially from those expressed in any such forward-looking
statements. Readers are directed to Comcast's periodic and other reports
filed with the Securities and Exchange Commission (SEC) for a
description of such risks and uncertainties. We undertake no obligation
to update any forward-looking statements.

Non-GAAP Financial Measures

In this discussion, we sometimes refer to financial measures that are
not presented according to generally accepted accounting principles in
the U.S. (GAAP). Certain of these measures are considered "non-GAAP
financial measures" under the SEC regulations; those rules require the
supplemental explanations and reconciliations that are in Comcast's Form
8-K (Quarterly Earnings Release) furnished to the SEC.

About Comcast Corporation

Comcast Corporation (Nasdaq: CMCSA, CMCSK) is a global media and
technology company with two primary businesses, Comcast Cable and
NBCUniversal. Comcast Cable is the nation's largest video, high-speed
Internet and phone provider to residential customers under the XFINITY
brand and also provides these services to businesses. NBCUniversal
operates 30 news, entertainment and sports cable networks, the NBC and
Telemundo broadcast networks, television production operations,
television station groups, Universal Pictures and Universal Parks and
Resorts. Visit www.comcastcorporation.com
for more information.